Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

Star Bulk Carriers (SBLK Quick QuoteSBLK - Free Report) is a stock many investors are watching right now. SBLK is currently sporting a Zacks Rank #1 (Strong Buy) and an A for Value.

Another valuation metric that we should highlight is SBLK's P/B ratio of 0.96. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. SBLK's current P/B looks attractive when compared to its industry's average P/B of 1.69. Over the past 12 months, SBLK's P/B has been as high as 0.97 and as low as 0.49, with a median of 0.75.

These are only a few of the key metrics included in Star Bulk Carriers's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SBLK looks like an impressive value stock at the moment.